TVS Motor Quarterly Results

Charts

YoY Net Sales (Quarterly)

Operating Margin

EPS Growth

POSITIVES

Consistent revenue growth: Revenue increased from ₹9932.82 Cr to ₹11301.70 Cr in the latest quarter, showcasing strong market demand.
Net profit rose to ₹588.13 Cr, indicating effective cost management and improved operational efficiency.
Operating profit margin improved to 7.73% in the latest quarter, reflecting better profitability.

NEGATIVES

Expenses surged significantly, with total costs reaching ₹10,427.60 Cr, impacting overall profitability.
Other income showed volatility, declining to ₹32.31 Cr, highlighting dependency on core operations for earnings.
Tax liabilities increased, with a tax outflow of ₹259.29 Cr affecting net profit margins in the latest quarter.

Field	Jun 23	Sep 23	Dec 23	Mar 24	Jun 24	Sep 24	Dec 24	Mar 25	Jun 25	Sep 25
Revenue	9,055.51	9,932.82	10,113.94	9,942.48	10,314.47	11,197.19	11,134.63	11,542	12,210.05	14,051.22
Expenses	7,840.92	8,576.94	8,625.97	8,478.02	8,865.57	9,571.71	9,469.68	9,622.30	10,396.21	11,928.86
Operating Profit	1,214.59	1,355.88	1,487.97	1,464.46	1,448.90	1,625.48	1,664.95	1,919.70	1,813.84	2,122.36
Other Income	86.54	50.93	11.88	-43.53	40.77	32.31	65.11	-68.16	39.66	-14
Interest	437.05	483.27	494.44	510.82	499.87	506.50	539.02	550.80	550.56	552.39
Depreciation	226.86	237.13	242.42	263.38	241.34	253.98	263.92	291.80	314.83	320.42
Profit Before Tax	626.53	675.77	750.23	637.35	730.43	878.48	905.92	992.88	977.19	1,223.29
Tax	185.06	259.84	240.62	235.48	253.16	297.40	296.57	306.18	334.33	390.53
Net Profit	441.47	415.93	509.61	411.53	484.82	588.13	609.35	697.51	642.86	832.76
Eps in Rs	9.14	8.13	10.08	8.15	9.70	11.80	11.91	13.64	12.84	16.74